Obama’s 2011 Federal Budget

This morning the White House delivered its 2011 Federal Budget, announcing proposed spending of $3.83 TRILLION! That budget projects a deficit of $1.56T. Just last week the White House announced that next year’s deficit would be $1.35T. How did the deficit grow by $210 Billion in one week?

Another point … the President’s proposed “spending freeze,” scheduled to start in a year, projects such a freeze would save $250B over the next 10 years. $250B in savings out of what … an average of $4T per year for 10 years … $40T … is what percent? 0.0625%, less than 1/10 of 1 percent!!! Further, did $210B of that $250B just get wiped out?

The “freeze” is nothing more that political slight-of-hand. I ran across the video below that describes in very simple terms what Obama proposed and what the ‘effect’ will be.

Swami Obama amazes his audiences with his mastery of the art of prestidigitation!

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